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Citic Floats RMB FI/FX Hedge Fund

Shanghai-based Citic Securities International Fund Management has rolled out a RMB fixed income/FX hedge fund.

    Shanghai-basedCitic Securities International Fund Managementhas rolled out a RMB fixed income/FX hedge fund,Hedge Funds Reviewreports. TheCSI RMB Fundfocuses on foreign exchange and fixed income.

    The fund, which was seeded by Citic Securities with $5 million and has since risen to $6 million, may also carry out credit default swaps to limit credit exposure.HSBC Securities ServicesandHSBC Prime Serviceshave been appointed to provide fund administration, valuation and prime services to the offering.

    Click here for the story fromHedge Fund Review.

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